New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-25

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The local money market ruled easy all the week at
4aa cent for cash loans exceptions at per cent
running beyond November IL per cent the rate
asked and obtained Tho domestic exchanges are ad-
date avors theory often urged that the South
and West did male their deposits At this centre
they have not their money here TO mako the usual
autumn drafts upon The foreign exchanges wero dull
and ruled rather firm at high to permit OF
reported that 100000 wste shipped during last Week
But with the movement OF cotton which probably will
specie importins point and that. with the CONTINUED
cargo demand for our wheat result In tho impora
some European political complication. OF which there arc
When ws write that the sales Of stocks stock
Exchange last week aggregated only 67s99O shares OF
listed stocks aud that all tho other departments were
equally dull II will appear even To the casual observer
that stupidity fails 10 express the condition Neither the
volume OF business nor tho fluctuations furnished
material worthy OF space for our usual Weekly Range
Only twelve stocks recorded sales OF from $4,000 to
shares eading and Western Union weE: s@S eo
shares to the total Northwestern. Delaware Lacka-
wanna and Western and Union Pacific closed
and New Ensland and Omaha z per cent Lake shore
Reading ing H. Richmond and West Point = and
81. Paul 3 per cent. Truly may 1t be said. the
only dark spots In the country are the stock
conditions which should encourage speculation In socur
ties are moro promising than ever before, Is problem
which stock brokers IiOus some should sulvo
for hem. But apparently they make no enort 10 solve
II for Themselves and reject all outside suggestions
which propose the adoption OF methods for the transac
ton OF business more In keeping with the advanced IDEAS
OF tho than are those which the stock Ex
change Is welded. The Consolidated Exchange started
its departure by the appointment OF settling days
establishing clearing house, nd although the
continues to talk dscuss and wait for something TO turn
up. In the meantime the Consolidated EXCHANGE Is
sowing In new helds and daily growing In popular
favor.
Now lee us sec. On May 81 the bank loans stood at
$685.. $4,000. the surplus reserve was ZOO ana
. TSsa the surplus
S4G 1925. aud money ruled at l0645 per cent On
June 25 the bank loans stood at 1868 the sur
plus reserve S3345,80O, sud money ia that week
ruled from 20 TO 90 per cent Yesterday the bank loans
stood $685. 249 500 the surplus reserve was Ssl2l
$1,000 600 e.s than they May 81 or June 25
and yet money easy at per cent against strn.
geuoy at SO per cent on June 20 There was occasion
or even per cent; but everything beyond that was
the result Of ced Withdrawals Follow closely the con-
dtons ut the dates named. ana bear IN nina tnat
OF the increase surplus reserves since Juno
% Is duo 10 the decline In loans. Now would not some
system which would protect the clientage
100 per per II 1t occurs only occasion
ally and for short time DO much TO- revive public
month cs0oOOOo Of 1t has bsen since July ~ however,
teaches another lesson At this time No one will pretend
antie loans not larger than they were
on June IS Therefore the contraction voluntary OF
Sl000000o reflects the taking away OF securities from
marginal accounts.
Every passing week improves the promises for large
and profitable autumn business both foreign and domes
tic aud the prospects OF gold mportaons TO add rhor
tho SOS 900 900 money put In circulation during
last twelve months and the volume OF securities car
ried loans in Wall street are steadily diminishlnx
And yet the much praised financial pulse" OF the Ma
ton has almost ceased 10 Leaf
CLOSING Prices OF BOSr0y STOCKS
BosroS. July %. s'Z